News
How To Apply For FG’s Student Loan

On Monday, June 12, 2023, the President, Bola Tinubu, signed into law the Student Loan Bill. The bill, which will enable Nigerian students to have access to interest-free loans, was introduced by the outgoing speaker of the House of Representatives, Femi Gbajabiamila.
The PUNCH reported that the piece of legislation passed second reading at the lower house on May 23, 2023.
With the establishment of an education bank, tertiary institutions owned by the Federal Government may now be at liberty to introduce tuition fees, experts in the higher education sector have argued.
Already, some universities owned by the Federal Government have started announcing an increase in tuition fees. For instance, The PUNCH in December 2022 exclusively reported how some Federal Government-owned universities announced a 200 per cent hike in fees. It is believed that the introduction of the education bank will help address the funding gap in tertiary institutions.
READ ALSO: BREAKING: Tinubu Signs Student Loan Bill Into Law
According to the bill, which was sighted by our correspondent on Monday, students applying for loans under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfying of the following conditions:
i. Student must have secured admission into any public Nigerian University, Polytechnic, college of education or any TVET school; Applicant income or family income must be less than N500,000 per annum; Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience; a Judicial officer; or a Justice of Peace.
ii. Students who have defaulted on previous loans; found guilty of exam malpractice, felony, or drug offences will not be considered.
iii. Students with parents who have defaulted in respect of previous loans will not be considered.
Following the satisfaction of the conditions listed above, applications for the loans will be submitted through the Students Affairs Office of each institution via a list of all qualified applicants from the institution accompanied by a cover letter signed by the Vice-Chancellor or Rector or the head of the institution and the Student Affairs.
READ ALSO: CBN FX Scam: How Emefiele Ordered My Arrest, Detention For 101 Days, Says Whistleblower
On the repayment, the act states that “Any beneficiary of the loan to which this Act refers shall commence repayment two years after completion of the National Youth Service Corps programme. Repayment shall be by direct deduction of 10 per cent of the beneficiary’s salary at source by the employer.
“Where the beneficiary is self-employed, he shall remit 10 per cent of his total profit monthly to the student loan account to be prescribed by the bank.
“For the purpose of sub-section 3 above, a self-employed person shall, within 60 days of assuming that status, submit all information such as the name of business, address and location, registration documents, registered, name of bankers, names of partners, name of directors and shareholders to the Commission.
“Anyone in default of the provisions of sub-section 4 above or found to be aiding the default of any of the provisions of this Act is guilty of an offence and, if convicted, shall be liable to imprisonment for two years or a fine of N500,000 or both.”
News
New Tax Laws: Suspend January 2026 Implementation — Senator Ndume Tells Tinubu

Former Senate Leader, Ali Ndume has appealed to President Bola Ahmed Tinubu to suspend the January 1, 2026, implementation of the country’s new tax laws amid growing controversy.
The federal lawmaker made the appeal in a statement he issued on Wednesday in Abuja.
This comes as the Nigerian Bar Association demanded the suspension of the implementation.
Recall that a member of the House of Representatives, Abdussamad Dasuki, had last week called the Parliament’s attention to alleged alteration to the tax laws.
READ ALSO:FIRS Confirms NIN As Tax ID
Chairman of the Presidential Fiscal Policy and Tax Reforms Committee, Taiwo Oyedele, in an interview on Arise Television on Wednesday, called for calm over claims of alterations in tax laws and urged Nigerians to allow lawmakers to complete their investigation before drawing conclusions.
Speaking on the ongoing controversy about the tax laws, Ndume noted that proceeding with the implementation without getting to the root of the alleged forgery will create a legitimacy challenge for the tax laws.
His statement read, “With the controversy surrounding it, the President should constitute a team to verify the veracity of the claim and act accordingly.
“As the responsive leader that he has always been, he should look at it to find out if the copy that was signed and the claim of alterations are genuine so that he will do the needful to bring the controversy to rest.
READ ALSO:US Threatens To Sanction Countries That Vote For Shipping Carbon Tax
“If not, the controversy will continue.” That is to say, the tax law will not be implemented, because you can’t build on nothing.
“So, Mr. President should suspend the implementation until the issues are resolved because so many civil society organizations, the Arewa Community, and the Nigerian Bar Association are saying that he should withdraw the tax law and investigate the allegation of forgery.”
“Therefore, Mr President should get to the root of the allegation of forgery. The small committee that will be set up should look into it while the House of Representatives does its own.”
News
Tambuwal Engages Security Agencies As US Airstrikes Hit Own LG In Sokoto

Senator Aminu Waziri Tambuwal, representing Sokoto South, has called on residents of Sokoto State to remain calm following reports of United States airstrikes targeting ISIS-linked terrorists on Christmas Day.
In a statement posted on his personal X account, the former Sokoto State governor said he was aware of reports concerning the airstrikes, which marked a direct US military action in Nigeria based on intelligence about ISWAP threats, and urged citizens to remain law-abiding while authorities clarify the situation.
“I have noted the reports concerning an airstrike carried out as part of ongoing counterterrorism efforts through cooperation between the federal government of Nigeria and the United States,” Tambuwal said. “I urge our communities to remain calm and law abiding as relevant authorities clarify the circumstances surrounding the operation.”
READ ALSO:US Dept Of War Shares Video Of Air Strikes In Nigeria
Tambuwal assured constituents that he was engaging with relevant security agencies to obtain full details of the operation and to ensure that necessary things were in place to protect civilians.
“I wish to assure the people of Sokoto South that I am in active talks with relevant security authorities to obtain full details and ensure that all necessary safeguards are upheld,” he added.
The senator emphasised that counterterrorism operations were aimed strictly at criminal and terrorist elements threatening public safety, not innocent civilians who are often victims of insecurity. He stressed that the protection of civilian lives must remain central to all legitimate security actions.
He further called on community leaders, traditional institutions and residents to work closely with security agencies by sharing credible intelligence and resisting misinformation capable of causing fear or heightening tension.
News
Rep Moore Confirms 12 Tomahawk Missiles Launched In Sokoto

No fewer than 12 Tomahawk missiles were on December 25 launched against terrorists in Sokoto State by the United States military.
Rep Riley M. Moore, the lawmaker representing Virginia’s Second District in the Congress, confirmed this in an interview with Fox News.
The US military operated in Sokoto State on Christmas night, bombing terrorists killing innocent people in parts of Nigeria.
READ ALSO:Trump’s Airstrikes: Halt Military Cooperation With US Immediately – Sheikh Gumi Tells Tinubu Govt
Some security analysts claimed on Friday that the operation was unsuccessful and had no significant impacts on the targeted terrorists.
According to them, the airstrikes landed in safe places including farms where there was no history of terrorists’ hideout.
But details began to emerge on Friday night, indicating that several terrorists were killed during the joint operations between the US army and it’s Nigerian counterpart.
READ ALSO:Nigerian Ringleader Of Nationwide Bank Fraud, Money Laundering Jailed In US, Says FBI
Moore said: “This year, thanks to President Trump, Radical Islamic Terrorists were on the receiving end of 12 Tomahawk missiles as a present.
“The successful strikes on ISIS, in coordination with the Nigerian government, is just the first step to secure the country and end the slaughter of our brothers and sisters in Christ”.
DAILY POST reports that residents of Sokoto State have been panicking since the US military operation.
News5 days agoPHOTOS: New Era In Furupagha-Ebijaw As Okpururu 1 Receives Staff Of Office
News4 days agoUBTH CMD Marks 120 Days In Office, Expresses Commitment To Providing Conducive Working Environment
News5 days agoOPINION: Gumi And His Terrorists
News4 days agoFIRS Confirms NIN As Tax ID
News5 days agoFG Declares Public Holidays For Christmas, New Year Celebrations
News5 days agoOPINION: Christmas And A Motherless Child
Metro4 days agoFintiri Pardons Man Sentenced To Death For ‘Killing Herdsman In Self-defence’, Others
News3 days agoJUST IN: Kano Lawmaker, Sarki Aliyu Daneji, Dies Hours After Colleague’s Passing
News4 days agoKWAM 1 Withdraws From Awujale Race, Ends Court Challenge
News4 days agoOPINION: My Man Of The Season














